Americans, have you seen any impact from tariffs?
This is a question primarily for those experts who are residents of the United States. And this is not about the impact on your employer, but you as a regular person.
Background: I have been involved in multiple discussions related to tariffs imposed by the United States, particularly on goods coming from China. Looking at the inflation data, though, it is clear that prices overall are not rising. However, tariffs are very much in effect.
Personal experience: As a regular American in a 2-person household, going about my routine life, I have not seen any impact so far. The prices tend to be all over the place any way even without the tariffs. So, if price of toaster A seems high, we all used to buying toaster B. It has been hard to pinpoint if tariffs are having an impact on our family budget.
Question: What about you? Have you seen any cases of tariffs showing up on a product that you were buying? How high was the impact? And what did you do?
Eyeglass accessories like cases that commonly come with the purchase of glasses are most commonly made in China. During the first round of tariffs Sept 2018- May 2019 the tariff was 10% and the wholesalers absorbed the costs. Since June the tariffs increased to 25%. We have been receiving notices from our suppliers that state a 15% temporary price increase will be applied to items subject to tariffs.
So far, we are ( the clinic) are absorbing this additional cost- but if it gets any larger, or if more of our products are effected we will have to pass it along to our patients. I would imagine we will start to see the costs of our frames increase as the manufacturers start to pass it along.